10 banks extend the moratorium on withdrawal fees on withdrawals after...

10 banks extend the moratorium on withdrawal fees on withdrawals after...
10 banks extend the moratorium on withdrawal fees on withdrawals after...

I wrote – Manal Al-Masry:

The Central Bank of Egypt announced, in a statement yesterday, Thursday, the extension of exempting citizens from all fees and commissions related to cash withdrawals with bank cards from ATMs of other banks to non-customers, for a new period of 6 months from the first of next January until the end of June 2022.

The Central Bank’s decision obligates all banks to stop collecting any commissions on cash withdrawals from ATMs for non-customers for a period of 6 months, for the fifth time in a row, after renewing it more than once, starting from mid-March 2020, with the start of the Corona pandemic in Egypt.

Banks used to recognize specific fees and commissions on each withdrawal from ATM machines for non-customers due to the use of machines from a non-affiliated bank, according to an agreement signed between the banks.

Masrawy presents the cost of commissions – suspended – by the decision of the Central Bank on cash withdrawals from ATMs in the 10 most popular banks, whether client or non-customer of the bank:

1- The National Bank of Egypt:

Fees for one withdrawal transaction: 5 pounds.

2- Banque Misr:

Fees for one withdrawal transaction: 6 pounds.

3- Cairo Bank:

Fees for one withdrawal transaction: 7 pounds.

4- Alex Bank:

Fees for one withdrawal transaction: 10 pounds.

5- Commercial International Bank (CIB):

Cash withdrawal commission: 2% per transaction with a minimum of 20 pounds, and payroll cards 3 pounds per transaction.

6- QNB Bank:

Fees for one withdrawal transaction: 5 pounds.

7- Arab African International Bank:

Fees for a single withdrawal transaction: 8 pounds.

8- HSBC Bank:

Fees for one withdrawal transaction: 10 pounds.

9- Credit Agricole Egypt:

Fees for one withdrawal transaction: 6 pounds.

10- Housing and Development Bank:

Fees for one withdrawal transaction: 5 pounds.

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